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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore 2-Year Bond Auction fell to 3.56% in August 2023
FMPMonthlyReleased August 2023
Singapore 2-Year Bond Auction fell to 3.56% in August 2023, down 0.1% from July's 3.66% reading.
Latest Release
3.560000
Actual
—
Consensus
3.660000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year Bond Auction (Singapore) was reported at 3.56% in August 2023. The reading fell from the previous value of 3.66%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update August 2023.
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2-Year Bond Auction - SG
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About 2-Year Bond Auction — Singapore
DEFINITION
The 2-Year Bond Auction is a financial indicator that measures the demand for government bonds with a maturity of two years. It is a key event in the bond market, as it provides insight into investor sentiment and the government's ability to raise funds. The auction involves the sale of these bonds to the highest bidder, with the interest rate determined by market forces. This indicator is closely monitored by investors and analysts as it can impact interest rates and overall market conditions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2023): actual 3.56 %. Prior reading (Feb 2023): 3.66 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.